MoSys, Inc. Reports Second Quarter 2014 Financial Results
|
|
|
MOSYS, INC.
|
|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
(In thousands, except per share amounts; unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
|
Six Months Ended
|
|
|
|
|
June 30,
|
|
|
|
June 30,
|
|
|
|
|
2014
|
|
|
2013
|
|
|
|
2014
|
|
|
2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
|
|
|
$
|
975
|
|
|
|
$
|
60
|
|
|
|
|
$
|
1,556
|
|
|
|
$
|
121
|
|
|
Royalty and other
|
|
|
|
774
|
|
|
|
|
1,060
|
|
|
|
|
|
1,525
|
|
|
|
|
2,334
|
|
|
Total net revenue
|
|
|
|
1,749
|
|
|
|
|
1,120
|
|
|
|
|
|
3,081
|
|
|
|
|
2,455
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Net Revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product and other
|
|
|
|
1,022
|
|
|
|
|
77
|
|
|
|
|
|
1,599
|
|
|
|
|
96
|
|
|
Total cost of net revenue
|
|
|
|
1,022
|
|
|
|
|
77
|
|
|
|
|
|
1,599
|
|
|
|
|
96
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit
|
|
|
|
727
|
|
|
|
|
1,043
|
|
|
|
|
|
1,482
|
|
|
|
|
2,359
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
|
6,432
|
|
|
|
|
5,983
|
|
|
|
|
|
13,486
|
|
|
|
|
11,303
|
|
|
Selling, general and administrative
|
|
|
|
1,490
|
|
|
|
|
1,460
|
|
|
|
|
|
3,287
|
|
|
|
|
3,083
|
|
|
Gain on sale of assets
|
|
|
|
-
|
|
|
|
|
-
|
|
|
|
|
|
-
|
|
|
|
|
(630
|
)
|
|
Total operating expenses
|
|
|
|
7,922
|
|
|
|
|
7,443
|
|
|
|
|
|
16,773
|
|
|
|
|
13,756
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations
|
|
|
|
(7,195
|
)
|
|
|
|
(6,400
|
)
|
|
|
|
|
(15,291
|
)
|
|
|
|
(11,397
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income, net
|
|
|
|
55
|
|
|
|
|
24
|
|
|
|
|
|
85
|
|
|
|
|
44
|
|
|
Loss before income taxes
|
|
|
|
(7,140
|
)
|
|
|
|
(6,376
|
)
|
|
|
|
|
(15,206
|
)
|
|
|
|
(11,353
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax provision
|
|
|
|
21
|
|
|
|
|
20
|
|
|
|
|
|
42
|
|
|
|
|
40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
|
$
|
(7,161
|
)
|
|
|
$
|
(6,396
|
)
|
|
|
|
$
|
(15,248
|
)
|
|
|
$
|
(11,393
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted
|
|
|
|
($0.14
|
)
|
|
|
|
($0.15
|
)
|
|
|
|
|
($0.31
|
)
|
|
|
|
($0.27
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in computing net loss per share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted
|
|
|
|
49,511
|
|
|
|
|
43,892
|
|
|
|
|
|
49,344
|
|
|
|
|
42,078
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
